Part of deciding whether to purchase a condo or a single family home for a second home / retirment home can be made easier by asking yourself a few questions about how you want to live in the home and your preferred lifestyle. The second set of questions would be your preferred budget. On the Monterey peninsula we have a variety of condo / town home communities at price levels as low as a $300,000, with lovely mid range condos in the $500,000-$600,000 range. In addition we have luxury condo/town home communities that offer golf and social memberships. In general you can purchase a condo in an area you may like at a more affordable price than a single family home. Some folks prefer not to be bothered with landscaping and love that a condo community will handle all the exterior maintenace. Then on the other hand, many people prefer the additional privacy of a single family home and the ability to create their own vision for the exterior landscaping. Although intially the home will be an investment, you do want to consider how you want to live in it when you convert it to a retirement home.